"This is where I want to be and I couldn't be happier," Kingsbury said in a statement issued by the school. "I can't wait to take this thing to the next level."

Kingsbury, who was a record-setting quarterback for Texas Tech before a five-year career in the NFL, led the Red Raiders to a 7-5 record and a bowl win in his first season.

"There has never been a more exciting time within our football program than now," athletic director Kirby Hocutt said. "I am very proud of the program Coach Kingsbury is building and I know our fans are as well. We can't wait to kick off the season tomorrow night at Jones AT&T Stadium and are looking forward to a bright future."

The announcement of Kingsbury's extension also comes with what Texas Tech calls its first specific athletics capital campaign.

The campaign will include construction of a new indoor football practice facility, a new south end zone stadium building and renovation of the Red Raiders' football training facility.